Peakon completed $34M in series B financing led by Atomico.

Denmark Investments 19 March 2019
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Peakon, a Copenhagen, Denmark and London, UK-based company providing a software as a service solution for companies looking to measure employee sentiment, announced the completion of its series B investment funding with a further €30m.

The funding was led by new investor Atomico, with participation from existing backers IdInvest Partners, Sunstone, EQT Ventures, and Balderton. Atomico co-founder, Mattias Ljungman will be joining Peakon's board.

The round brings the total B round funding to €48m, as in early 2018 it announced $22M in a deal led by Balderton Capital.

Peakon, founded in 2014 by CEO Phil Chambers, Christian Holm, Dan Rogers and Kasper Hulthin, built an employee retention platform that helps businesses with employees through ongoing surveys. The company gathers the data and generates immediate insights to help businesses reduce churn and retain their top workers. The solution has three components - employee engagement, actionable insights to prevent employee problems before they arise, and competitor analysis through benchmarking employee engagement data against Peakon’s proprietary industry-wide data.

Prior to series B, Peakon raised about $11M in two tranches, one in 2016 and the other in 2017.